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5 Ways Learning and Developments Drives ROI

While learning and development initiatives are certainly hot buzzwords for HR professionals, it can often be hard to create and execute on an effective and continuous strategy – whether due to lack of employee interest or executive buy-in. The result? Companies are spending thousands of dollars per employee on training programs that are underutilized.

About 70% of employees say they are dissatisfied with the growth opportunities at their companies. To make learning and development a priority within your company, consider these five benefits of implementing a consistent Learning and Development (L&D) program:

The future workforce demands it.

If you haven’t heard by now, Gen Z and Millennials are quickly becoming the majority in the workforce. By 2020, Millennials alone will make up one third of the workforce. Both of these generations value growth and career opportunity more than previous generations. Consistent learning and development programs are going to be a crucial part of keeping younger employees engaged.

It will help keep employees motivated.

According to a 2016 study, 74% of employees felt that they weren’t achieving their full potential at work. An L&D program can be the perfect way to give your employees what they’re missing. Help them grow their skill set, and they’ll be more motivated and productive.

Employees will stay with your company longer.

Attracting top talent is the goal of every company, but you also do not want to lose the talent you already have! 7 out of 10 people say that training and development opportunities influence their decision to stay with a company. Don’t miss the opportunity to keep your current employees engaged.

It will help new hires ramp up more quickly.

While it’s important to get new hires on-boarded quickly, the amount of new info relayed to a new employee during their first few days can be overwhelming – and worse, easily forgotten. To ensure your points are really sticking, consider offering regular training on company policies and relevant information and don’t dismiss the importance of reinforcing these newly learned skills.

Your company culture will grow stronger.

Many companies are starting to build out their employer brand. Your learning and development initiatives are a crucial part of your company’s culture and help ensure that employees throughout the company have a growth mindset.

If you are looking to add to your training regimen for your team, I urge you to take a look at all of our training options offered through the Learning Alliance. The benefits of “full-immersion” training are considerable, and don’t forget about the new, LA Live Weekly trainings your team can watch together, in-office as a team! Visit the SGI Hub to get a full listing of course offerings. Not a member yet? Attend a Profit Day near you and gain these benefits along with countless others to help your business grow.

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About The Author Kelly Robichaud

Kelly's role as SGI's VP of Learning and Talent Development, is to currate industry leading consultative resources, curriculum, state and national programs, and partnerships to align with the needs of independent contractors in the home services industry. Kelly develops fresh and innovative programs with the express goal of ensuring success within the trades. Learning Alliance classes range from: budgeting, leadership, train the trainer, sales training, operations, service essentials, telephone essentials, and more!

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Success Group Intl is a membership organization dedicated to the growth and success of contractors like you, in the HVAC, roofing, electrical, and plumbing industries. As a member, you have access to the industry's most powerful business-building tools and the insight of the most successful contractors in the country.

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About Success Group International

Success Group International (SGI) is the home of the successful independent contractor. Business owners who are looking to achieve freedom of time, financial independence and market dominance will find the programs, training, and support to achieve their goals through SGI. Our mission demands that Every Member Succeeds!